Obamacare 2.0 - Three Card Monte

BIG Government takes on big business ... or so it is spun.  The LSM is predictably eating up the latest Obamacare populist sales pitch:

The Obama administration will pitch legislation today that would allow the government to block excessive health insurance rate hikes, an administration official says. FULL STORY 

Meanwhile, the devil is in the details.  This disastrous package includes (see Drudge):

• BACKDOOR FIX: 'Funds will be transferred to the Social Security Trust' if necessary... 
• PRESIDENT'S 'HEALTHCARE' PROPOSAL SUMMARY USES WORD 'TAX' 35 TIMES...
• 'Increase in Fees on Brand Name Pharmaceuticals'... 
• Broaden 'Tax Base for High-Income Taxpayers'... 
• Orders 'Comprehensive Database' On Health Claims... 
• FORCED: 'Raises percent of income assessment that individuals pay if they choose not to become insured'... 

Like the game of three-card monte, the lastest spin on Obamacare 2.0 has only one objective: to trick or lull Americans into accepting government run health care despite overwhelming opposition.  The latest pitch of preventing "excessive health insurance rate hikes" is carefully crafted to persuade people that they need the Government to protect them from “bad” insurance.  However, once the Government dictates what insurance plans must cover (what they must not exclude), there will be dramatic price increases because companies will be forced to give up using their risk-based approach to underwriting, which keeps premiums down.  The private insurance industry will predictably collapse and private healthcare will be finished in America.  The protectionist subterfuge hides the dangers until it is too late.  Read more ...